Revenue Cycle Management Essay -- essays research papers

Synopsis - Integrated effect for Revenue Cycle Management and Medical RecordsOverviewPhysician practices are macrocosm called on to do more than ever before. Todays physicians mustiness treat more patients, document interactions more meticulously, wrangle with more heterogeneous managed care rules, keep track of an ever-expanding array of drugs, submit and track claims and break rising malpractice insurance bills. In many cases, physicians must treat 20 percent more patients than they did five years ago to generate the very(prenominal) revenue. In the face of these accuses, some practices are struggling to remain financially viable. For many practices, the biggest impediment to meeting these challenges is continual administrative burden, a leave out of automated clinical documentation, and inefficient practice workflow systems. Despite the outstanding advances in many areas of healthcare technology over the past some(prenominal) years, most physician practicesespecially sm all and midsize onesare still development the same manual and paper-based office management systems theyve used for decades. With mounting military press from insurers, government agencies, and patients, physician practices need to reexamine the ways they work and interact. As physicians see more patients and insurers demand reformed documentation for rapid touch of claims, the manual healthcare systems that were adequate in the past will amaze less and less able to meet new demands.The problemThe paperwork burden among solo/small group physician...